From: Louis Du Lude [dulude44@yahoo.com]
Sent: Thursday, February 27, 2003 12:30 AM
To: rule-comments@sec.gov
Subject: "File No. S7-36-02"
Dear Sirs:
I write, as a mutual fund shareholder, both in retirement and taxable accounts,
to request that all mutual funds be required to disclose both on their web sites
as well in their annual reports to shareholders, how they voted and the number
of shares they voted for each proposal and each director for each of companies
in which they hold shares. They shouldn't be permitted to forfeit their proxies
to management without the consent of the fund shareholders.
I also would like to see this information be disclosed in a very timely manner
within 24 hours of the vote and preferably 24 before the vote is to be cast.
The reason I want to see this change and many others, is that the mutual fund
companies are only conduits not the real shareholders of these companies. We have
given them the fidicuiary obligation to handle our money and they owe us full and
complete disclosure, which they all fail to deliver now. A reason for people like
me to revaluate why I am using Mutual Funds., now that new alternatives are
becoming available.
By the way, this disclosure rule as well most other rules for mutual funds should
also apply to exchange traded index shares.
Thanks for this opportunity
a.. Louis R. Du Lude, Principal
b.. Corporate Marketing Associates LLP
c.. Voice 510-659-1681
d.. Fax 510-651-1736
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